Business Law: Leases and the Defense of Impossibility Due to COVID-19

Not every claim for breach of contract will lead to an adverse judgment. There are some legal defenses that can be asserted including a claim of “impossibility.” The defense of impossibility is potentially available in a public health circumstance like the current COVID-19 pandemic. As an example, assume a business has been declared by state… READ MORE

Michigan has specific laws governing all types of sweepstakes, raffles, and 50-50 drawings. It is common for charities to use these use vehicles to raise money to further their chartable purpose. If your organization is raising money in this fashion, it is important you understand the relevant Michigan laws.   Michigan raffle laws come into… READ MORE

Beginning next week, the Federal Communication Commission (“FCC”) will implement new restrictions on telemarketing calls and text messages to strengthen consumer protection. Specifically the change to the Telephone Consumer Protection Act (“TCPA”) will require businesses to obtain “prior express written consent” before placing prerecorded calls to residential lines and cell phones. Additionally, the amendment also… READ MORE

The Securities and Exchange Commission has, under the mandate of the JOBS Act, lifted the ban on general solicitation by amending Rule 506 of Regulation D and Rule 144A of the Securities Act. In effect, this change allows a company to engage in general solicitation, meaning solicitations to the general public, provided all purchasers of… READ MORE

If you are a sales representative in Michigan that gets paid by commission, then Michigan law has you covered!  Michigan’s Sales Representative Commission Act (SRCA) protects sales representatives’ rights to their commissions by giving them legal recourse if their employer does not pay.  Sales representatives qualify for protection under the SRCA if they are employed… READ MORE

Limited liability companies, or LLCs, are the most modern form of business entity. Consequently, LLCs provide their members with several benefits that are not found in older business entity forms, such as corporations or partnerships. These benefits include: Limited liability, which protects the personal assets, such as a personal bank account or house, of the… READ MORE

Revision Legal’s business lawyers are experts in business formation, startups, corporate financing, and corporate governance. Our attorneys can help you navigate the business legal landscape from startup to acquisition or sale. Whether you are looking to form an LLC or corporation, add a partner, understand your pre-money valuation, or negotiate with angel investors and venture… READ MORE